Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2012
Commitments and Contingencies Disclosure [Abstract]  
Schedule Of Principal Cash Obligations and Commitments [Table Text Block]

The following table sets forth the Company’s principal cash obligations and commitments for the next five fiscal years as of June 30, 2012 aggregating $385,163, of which $243,903 is included in current liabilities in the condensed consolidated balance sheet at June 30, 2012. Amounts included in the 2012 column represent amounts due at June 30, 2012 for the remainder of the 2012 fiscal year ending December 31, 2012. 

 

 

          Payments Due By Year  
    Total     2012     2013     2014     2015     2016  
Research and development contracts   $ 85,946     $ 85,946     $     $     $     $  
Patent License Agreement     120,000             30,000       30,000       30,000       30,000  
Advisory agreement     12,500       12,500                          
Liquidated damages payable under registration rights agreement     74,000       74,000                            
Due to stockholder     92,717       92,717                          
Total   $ 385,163     $ 265,163     $ 30,000     $ 30,000     $ 30,000     $ 30,000